Atmus Filtration Technologies Completes Acquisition of Koch Filter Corporation
Atmus Filtration Technologies Inc. a global leader in filtration and media solutions, today announced that it has closed its acquisition of Koch Filter Corporation (“Koch Filter”) from Air Distribution Technologies, Inc. (“ADTi”), a portfolio company of Truelink Capital, for a total cash consideration of approximately $450 million, subject to customary purchase price adjustments.
The completion of the Koch Filter acquisition establishes Atmus’ industrial air filtration platform and expands its portfolio into high-growth end-markets, including commercial and industrial HVAC, data centers and power generation markets.
We are excited to welcome the Koch Filter team to Atmus. Together, we are committed to unlocking our growth potential and executing our strategy of expanding into industrial filtration markets,” said Steph Disher, Chief Executive Officer of Atmus.
The acquisition establishes the Company’s new Industrial Solutions segment. The Koch Filter business will report into that segment and be led by Rakesh Gangwani, Senior Vice President, Strategy and President, Industrial Solutions. Mark Mattingly, Koch Filter’s president, who has deep industry experience established over three decades, will continue to lead the Koch Filter business, reporting to Rakesh Gangwani.
Simultaneously with the closing of the transaction, Atmus entered an amended and restated five-year $1.5 billion credit facility, consisting of a $500 million revolving credit facility and a $1 billion term loan.
As previously disclosed, the acquisition of Koch Filter is expected to be accretive to Atmus’ Adjusted EPS and Adjusted EBITDA margin in 2026 and achieve high-single-digit ROIC by 2028. The transaction was funded through a combination of cash on hand and borrowings under the Company’s amended and restated credit facility.
About Atmus Filtration Technologies Inc.
Atmus Filtration Technologies Inc. is a global leader in filtration and media solutions. For more than 65 years, the company has combined its culture of innovation with a rich history of designing and manufacturing filtration solutions. With a global presence spanning six continents, Atmus serves customers across truck, bus, agriculture, construction, mining, marine and power generation vehicle and equipment markets, along with providing comprehensive aftermarket support and solutions. Headquartered in Nashville, Tennessee (U.S.), Atmus employs approximately 4,500 people globally who are committed to creating a better future by protecting what is important.
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